data governance

During the global financial crisis, many banks struggled to consistently aggregate and analyse risk data within an appropriate time frame and therefore to respond to risks and control their outcomes. This prompted the Basel Committee on Banking Supervision to publish the final version of the "Principles for risk data aggregation and risk reporting" in January 2013.

BCBS 239 consists of eleven generally worded principles that relate to overarching governance and infrastructure, risk data aggregation and risk reporting.

Our experts at Geissbühler Weber Consulting will support you in the implementation of the BCBS 239 principles. Aside from risk data, these principles can be operationalised in many other areas of banks as well.